Harvard Endowment Posts Big Gain

Harvard University’s endowment is getting closer to $30-billion, with a $3.3-billion gain in 2006 that brings it to $29.2-billion, reports The Chronicle of Higher Education.

While investments grew at a slightly slower rate than in 2005 and 2004 (up 16.7 percent in the 2006 fiscal year), they grew slightly faster than the median return earned by some of the largest endowments at universities, The Chronicle reports. Harvard’s endowment still dwarfs other universities’, including Yale, with a $15.2-billion endowment in the 2005 fiscal year, and Stanford, which closed its books on 2006 also at $15.2-billion. Yale has yet to release its 2006 figures.

(A paid subscription is required to view this article.)